GLN Glen Grp

RNS Number:2588X
AIM
20 January 2006


        ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION 
                      IN ACCORDANCE WITH AIM RULE 2

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME: Glen Group plc

COMPANY ADDRESS: Unit 32/7 Hardengreen Industrial Estate, Dalkeith, Midlothian

COMPANY POSTCODE: EH22 3NX

COUNTRY OF INCORPORATION: England & Wales

COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS 
INVESTMENT STRATEGY TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) 
OF THE AIM RULES:

The Company is a holding company for Glen Communications which manages SME
customers across a wide range of IT and communication products and services. Its
ethos is to operate as a one-stop-shop for SMEs IT and communications services
and to act as an integrator of these services. Glen Communications operates as a
value added reseller and focuses on the provision of business to business mobile
solutions, both voice and data, internal IT infrastructure solutions and the
sale and support of certain software solutions, particularly CRM, seeking to add
value to the customer through the application of consultancy and implementation
skills. Glen focuses on IP technologies, seeking to capitalise on the increasing
utilisation of  broadband.

The Group has identified and proposes to acquire Eclectic Holdings Limited as a
way to gain access to the important corporate market. As well as being a
significantly larger company which should enhance the stability of the Group,
the Directors believe that Eclectic is a company with a potential for
significant growth, organically and by acquisition, and recognise that
Eclectic's management team has the skills and experience necessary to achieve
this objective within the corporate marketplace. The Directors believe that the
Eclectic Group is therefore a good fit alongside its SME brand, Glen
Communications.

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares,
nominal value and issue price to which it seeks admission and the number and
type to be held as treasury shares):

327,683,077  Ordinary Shares of 1p each.

CAPITAL TO BE RAISED ON ADMISSION: #2,500,000

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:

Eric Martin Hagman, Chairman
Graham John Duncan, Chief Executive
Peter James Ford, Non-Executive Director

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A 
PERCENTAGE OF THE ISSUED SHARE CAPITAL BEFORE AND AFTER ADMISSION:

Before Admission

Graham John Duncan 17.20%
Peter James Ford 13.19%

After Admission:

Graham John Duncan 6.42%
Peter James Ford 5.56%

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 
2, PARAGRAPH (H) OF THE AIM RULES:

None



ANTICIPATED ACCOUNTING REFERENCE DATE: 30 September



EXPECTED ADMISSION DATE:15 February 2006

NAME AND ADDRESS OF NOMINATED ADVISER: Seymour Pierce Limited, Bucklersbury 
House, 3 Queen Victoria Street, London, EC4N 8EL

NAME AND ADDRESS OF BROKER: Seymour Pierce Ellis Limited, Talisman House, 
Jubilee Walk, Three Bridges, Crawley, West Sussex RH10 1LQ

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE 
AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE 
APPLICANT AND THE ADMISSION OF ITS SECURITIES: Seymour Pierce Limited, 
Bucklersbury House, 3 Queen Victoria Street, London, EC4N 8EL


DATE OF NOTIFICATION:20 January 2006

NEW/ UPDATE (see note): NEW


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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